China Business & EconomyChip Sales Plunge in China, Buffeting Global IndustrySharp decline in Chinese chip market drags down global semiconductor industrySaveMark Us Preferred on GooglePrintWorkers producing LED chips at a factory in Huaian, in China's eastern Jiangsu province, on June 16, 2020. STR/AFP via Getty ImagesAnne Zhang&Lynn Xu1/22/2023|Updated: 1/23/2023News AnalysisChip sales in China have tumbled at a whopping rate, as productivity in the semiconductor-related sector has contracted dramatically, indicating that the country’s manufacturing industry is shrinking, according to the latest industrial report.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.